When the rate of interest is 10 percent, the present value of $100 payable in two years is approximately
A) $80.
B) $83.
C) $100.
D) $110.
Answer: B
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During recessions natural real GDP
A) falls. B) increases. C) remains constant. D) A, B, or C do occur during any given recession.
Which of the following is true?
a. under the partnership form of business organization, the owners are not personally liable for the debts of the business. b. when employees also own a business, their incentive to shirk is removed. c. the limited liability of stockholders under the corporate business structure makes it easier to raise equity capital. d. under the corporate form of business organization, the owners of the firm are personally liable for its debts.
When a firm experiences diseconomies of scale,
a. short-run average total cost is minimized. b. long-run average total cost is minimized. c. long-run average total cost increases as output increases. d. long-run average total cost decreases as output increases.
Because of scarcity,
A.) choices must be made. B.) there are not enough goods and services to satisfy everyone. C.) there are plenty of goods to go around. D.) Both A and B are true.